Are you planning on buying or selling a business, want to discuss a Management Buyout (MBO), looking to restructure or just want to talk through your options? Please contact Martin Gibbs or Brian Jukes to discuss how Dafferns can help you.
The relief is intended to replace Business Asset Taper relief for disposals by smaller business owners. It produces a net tax rate of 10% on the disposal, although for those making modest gains there is a slight increase in the actual tax burden compared to that payable under business asset taper relief because the CGT annual exemption saves less tax under this relief (at 18%) than it did under taper relief (at 40%).
What is your business worth?
Clients often ask us to help them value their business. According to the latest research, nearly half of entrepreneurs planning to sell their business are unaware of how much it is worth. For advice, please contact Brian Jukes.